Clipped from: https://www.financialexpress.com/business/banking-finance-nri-deposits-fall-30-in-april-october-4085551/
The fall in the first seven months of the fiscal was driven by foreign currency non-resident bank (FCNR(B) deposits. The FCNR(B) deposits declined 74% to $1.6 billion, compared with $6.1 billion in the year-ago period.
Non-resident external (rupee account) deposits (NR(E)RA) and non-resident ordinary (NRO) deposits rose to $3.1 billion and $3.9 billion, respectively, in the period under review.
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